JinDao_Tai

EUR/JPY Outlook (27 January 2021)

FX:EURJPY   Euro / Japanese Yen
Overall, EUR/JPY is ranging across.

The Japanese Retail Sales y/y data (Forecast: -0.4%, Previous: 0.6% revised from 0.7%) will be released tomorrow at 0750 (SGT).

Currently, EUR/JPY is testing to break above the key level of 126. Its next support zone is at 125.000 and the next resistance zone is at 127.150.
Look for buying opportunities of EUR/JPY if it breaks above the key level of 126.

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